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Business News

Media offices destroyed by Israeli airstrike in Gaza

The Associated Press, Al Jazeera, and media advocacy groups are demanding answers after an Israeli airstrike destroyed a building with offices belonging to news outlets in Gaza on Saturday. The Israeli Defense Forces said the building contained “Hamas military intelligence assets.” The IDF accused Hamas of treating the journalists as “human shields.” But the blowback…

CNN viewers panic after Don Lemon’s announcement about his show

It’s true: “CNN Tonight with Don Lemon” is ending after a seven year run. But he’s not going far — the show is just changing its name. Beginning Monday at 10 pm ET, the two-hour program will be called “Don Lemon Tonight.” The anchorman triggered a frenzy late Friday after he said something cryptic about…

Coca-Cola just axed another soda

Coke Energy, we hardly knew you. The Coke-energy-drink hybrid is being discontinued in North America, just over a year after it launched. Coke Energy hit shelves in January 2020, a few months before coronavirus began spreading across the region. However, the pandemic altered the beverage giant’s business strategy and in a statement Coke said that…

Starbucks, Publix and other places loosen mask restrictions for fully vaccinated

Starbucks, Publix and Walt Disney World are the latest companies to change their masking policies Saturday following new guidance from the Centers for Disease Control and Prevention. They join Trader Joe’s, Walmart, Sam’s Club and Costco, which all announced changes to their policies in recent days changes. Thursday’s sudden announcement from the CDC, which said…

BBC journalist quits as investigation into his landmark Princess Diana interview wraps up

The BBC journalist who conducted a bombshell 1995 interview with Princess Diana has resigned for health reasons, shortly before a report is to be published investigating whether he acted improperly to secure Diana’s permission to take part. Martin Bashir has been accused of using forged documents in order to convince Diana to sit down for…

Here’s what’s getting more expensive

Used cars, homes, lumber, gas and chicken: What do they all have in common? They’re all getting more expensive. The stimulus-fueled economy is rebounding and Americans are again spending on shopping, traveling and eating out. But the pandemic is far from over, and supply-chain woes mean supply isn’t meeting demand — sending prices even higher.…

Disney World changes mask requirements for guests

In a major moment for Disney parks, and the theme park industry overall, Walt Disney World changed its mask rules for guests following new guidance from the CDC. The resort located in Orlando, Florida announced Friday that masks and face coverings for guests will be “optional in outdoor common areas” at Disney World starting on…

New CDC mask guidance could be a big boost for Disney parks

Disney’s parks division, one of the company’s foundations since the opening of Disneyland in 1955, is trying to rebound after a challenging year that brought extended closures and significant layoffs. However, the unit received news Thursday that could give Disney’s parks a much-needed boost. The US Centers for Disease Control and Prevention announced that people…

US retail sales come down from their stimulus-fueled high

US retail sales came back down to Earth in April after stimulus checks sent Americans on a shopping spree in March. Month-over-month, retail sales were flat in April, the Census Bureau reported Friday. Stripping out car and auto parts, sales actually declined slightly, by 0.8%. The massive March advance that came on the back of…

Delta will require vaccines for new employees

Delta Air Lines is requiring new employees to get the Covid-19 vaccine, making it one of the largest US companies to issue a mandate. “Any person joining Delta in the future we will mandate to get vaccinated before they can sign up with the company,” CEO Ed Bastian told CNN’s Richard Quest in an exclusive…

What Disney, Airbnb and DoorDash results reveal about the post-pandemic economy

Companies are gearing up for an era in which Covid-19 isn’t the primary driver of how people spend their money. The big question: As the coronavirus situation improves in countries like the United States, which trends from the past 14 months will have staying power, and which will be resigned to the pandemic past? Airbnb,…

Hyundai and Kia are spending $7 billion in US electric car push

Hyundai and Kia are pouring billions of dollars into the United States, where they plan to start building electric cars and invest more in futuristic technologies. The South Korean carmakers announced Thursday that they would invest $7.4 billion in the country over the next four years. The funding will help the companies gradually expand manufacturing,…

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